For people who don't know the best asset in the world here is the nice information you can considering to .The number one asset is usually a business,and number two is typically real estate. And even with real estate ,you have to understand the difference between cash flow and capital gain. Most people don't understand this distinction. When they invest ,they invest for capital gain .They will say, "My house went up in value ,My car went up in value ". That is capital gain ,not cash flow .The purpose of owning real estate is to keep it as an asset ,not to sell it for a capital gain. If you buy a piece of real estate for $100,000 and then sell it for $300,000,that is not an asset ;you just generated a $200,000 capital gain. You had to shoot the asset to get that money .You have killed the asset .Its like selling your cow for money .I 'd rather own the cow and sell the milk.
Having a nice Sunday 😮
